The Due Date (Not Including Extensions) for Filing a 2012

question 42

True/False

The due date (not including extensions) for filing a 2012 Federal income tax return for a calendar year C corporation (Form 1120) is April 15, 2013.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, typically reported on the income statement.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations based on its current income.

Cash Coverage Ratio

A financial metric that measures a company's ability to cover its debt obligations with its operating cash flow.

Accounts Payable

The total sum a business must pay to its suppliers or creditors for products and services obtained on credit.